1 00:00:02,520 --> 00:00:07,000 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Movers Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:15,880 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,360 --> 00:00:18,160 Speaker 1: Let's see where some of the action is with some 5 00:00:18,160 --> 00:00:22,400 Speaker 1: of the individual stocks here today Stock Movers with normal Linda, Well. 6 00:00:22,400 --> 00:00:24,480 Speaker 3: Let's take a look at chairs of Palenteer. This has 7 00:00:24,480 --> 00:00:27,160 Speaker 3: been a company that's been focused today. People have been 8 00:00:27,160 --> 00:00:31,600 Speaker 3: really heavily scrutinizing this company. This is ticker PLTR. Here's 9 00:00:31,680 --> 00:00:34,000 Speaker 3: falling as much as ten percent since the worst day 10 00:00:34,000 --> 00:00:36,760 Speaker 3: since May. And this is not because the company reported 11 00:00:36,800 --> 00:00:39,880 Speaker 3: poor results or you know, missed expectations. This is actually 12 00:00:39,880 --> 00:00:43,080 Speaker 3: a stock a company that has not missed expectations for 13 00:00:43,159 --> 00:00:46,159 Speaker 3: twenty one consecutive quarters. We've seen beats back to back 14 00:00:46,200 --> 00:00:48,240 Speaker 3: for this company. But people are starting to wonder about 15 00:00:48,280 --> 00:00:51,160 Speaker 3: whether or not valuations could be too stretched for this company, 16 00:00:51,240 --> 00:00:53,880 Speaker 3: especially as we think about the AI landscape, and especially 17 00:00:53,880 --> 00:00:55,640 Speaker 3: if you dig deeper into some of the numbers, and 18 00:00:55,640 --> 00:00:57,520 Speaker 3: if you look at price of sales ratio on a 19 00:00:57,520 --> 00:01:01,040 Speaker 3: trailing basis, it's sitting at eighty five, which is the highest, 20 00:01:01,040 --> 00:01:02,480 Speaker 3: and the S and P five hundred, So you are 21 00:01:02,640 --> 00:01:05,720 Speaker 3: starting to see widespread concern here about the fact that 22 00:01:05,760 --> 00:01:08,039 Speaker 3: maybe valuations are two stretched for Palenteer. 23 00:01:08,680 --> 00:01:13,600 Speaker 1: Yeah, Michael Burry ha Scion Asset Management disclosed bearish wagers 24 00:01:13,640 --> 00:01:17,200 Speaker 1: on Nvidia and Pallenteer technologies just days after the hedge 25 00:01:17,200 --> 00:01:21,200 Speaker 1: fund manager posted in cryptic warning to retail investors about 26 00:01:21,240 --> 00:01:25,120 Speaker 1: market exuberance. So there's a bear call out there. You 27 00:01:25,200 --> 00:01:28,120 Speaker 1: haven't seen too many of them, you've seen mister Ted 28 00:01:28,120 --> 00:01:31,399 Speaker 1: Pick of Morgan Stanley, Mister Solomon Golden Sachs CEO's there 29 00:01:31,440 --> 00:01:33,960 Speaker 1: kind of weighing in on maybe some evaluation concerns in 30 00:01:34,000 --> 00:01:35,000 Speaker 1: the market place of bupple. 31 00:01:35,080 --> 00:01:36,560 Speaker 2: That's the question that everyone wants to. 32 00:01:36,520 --> 00:01:39,800 Speaker 1: The answer to Pollenteer feeling the pain here today, what 33 00:01:39,880 --> 00:01:40,600 Speaker 1: else do you get for us? 34 00:01:40,640 --> 00:01:43,399 Speaker 3: Well, let's look at shares of Novo Nordisk and Met 35 00:01:43,400 --> 00:01:45,600 Speaker 3: Sarah so Novo Nordous this is the ADRs. We're looking 36 00:01:45,600 --> 00:01:49,440 Speaker 3: at taker Vo and Met Sarah MTSR. So we're seeing 37 00:01:49,440 --> 00:01:51,840 Speaker 3: shares of Met Sarah hitting their eyest level on record, 38 00:01:52,000 --> 00:01:54,800 Speaker 3: rising as much as eighteen percent. And this is after 39 00:01:54,920 --> 00:01:57,760 Speaker 3: Pfizer and Novo Nordous boost of their bids for the company. 40 00:01:58,040 --> 00:02:00,600 Speaker 3: As the ongoing battle for the obs the startup has 41 00:02:00,600 --> 00:02:03,680 Speaker 3: really been intensifying ahead of a court battle that is 42 00:02:03,720 --> 00:02:06,200 Speaker 3: set for Tuesday. This is really underscoring a lot of 43 00:02:06,200 --> 00:02:09,400 Speaker 3: the surging interests in one of the fasting, fast growing 44 00:02:09,480 --> 00:02:12,280 Speaker 3: areas in medicine. So you really are seeing the street 45 00:02:12,320 --> 00:02:14,600 Speaker 3: really just trying to analyze the current situation. If you 46 00:02:14,639 --> 00:02:17,920 Speaker 3: look at shares of met Sarah up about seventeen percent 47 00:02:18,000 --> 00:02:20,040 Speaker 3: so far as we're taking a look, and Novo Nordists 48 00:02:20,040 --> 00:02:23,560 Speaker 3: shares down about forty three percent year to date, down 49 00:02:23,600 --> 00:02:24,680 Speaker 3: about nine tens oven percent. 50 00:02:24,760 --> 00:02:26,880 Speaker 1: Right now, that's a good old fashioned m and a 51 00:02:27,120 --> 00:02:30,120 Speaker 1: kind of street fight out there over this asset here. 52 00:02:30,160 --> 00:02:33,600 Speaker 1: But in the obesity drug world, you have to be 53 00:02:33,639 --> 00:02:35,600 Speaker 1: in it. It seems like if you're a big diversified 54 00:02:35,600 --> 00:02:37,160 Speaker 1: farmer company, it kind of have to be in it. 55 00:02:37,240 --> 00:02:39,240 Speaker 3: Yeah. I was also looking at Hymns and Hers. They're 56 00:02:39,320 --> 00:02:41,960 Speaker 3: rising after saying that they're in talks with Novo Nordists 57 00:02:41,960 --> 00:02:45,440 Speaker 3: to sell it's upcoming obesity pill. So as you're mentioning, 58 00:02:45,440 --> 00:02:47,760 Speaker 3: clearly a lot of people thinking about that space right now. 59 00:02:47,840 --> 00:02:48,799 Speaker 1: Okay, one more. 60 00:02:48,800 --> 00:02:51,760 Speaker 3: Lastly, looking at shares of Spotify, this company and Focus 61 00:02:51,760 --> 00:02:56,200 Speaker 3: that's ticker spot here's falling for their lowest since May, 62 00:02:56,320 --> 00:02:58,200 Speaker 3: down as much as six point four percent, and this 63 00:02:58,280 --> 00:03:00,880 Speaker 3: is after they've reported active use and sales in the 64 00:03:00,919 --> 00:03:04,000 Speaker 3: third quarter that beat expectations, but we did see ad 65 00:03:04,080 --> 00:03:06,560 Speaker 3: supported revenue that well. 66 00:03:06,720 --> 00:03:10,960 Speaker 2: The Stockmovers report from Bloomberg Radio. 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